Carmella’s Cafe Bankruptcy & Sale
It’s a sad day when bankruptcy prevents you from selling an old and established business. Agreed when you owe your creditors, you have no way out but pay them. But couldn’t something be worked out wherein you can save something that is a favorite with a lot of people AND get the money as well?
I’m talking about Carmella’s Cafea in New Hartford whose owner has been trying to sell the restaurant. The state of New York claims that the restaurant owes more than $400,000 in unpaid sales tax. Both the restaurant and its owner, Michael Ezzo, sought Chapter 11 bankruptcy protection two months ago. In addition to these taxes, the restaurant owes around $1.2 million. Well, anyone who wishes to buy the restaurant need not worry about building a clientele. Carmella’s already has a very dedicated following of customers.
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